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TECH

Stakes are high in hunt for bitcoin's "messiah"

The stakes are high in the hunt for Satoshi Nakamoto, the person or people behind bitcoin, not just for the journalist who gets it right first, but also for the cryptocurrency itself.

Technology

Goldman Sachs seeks patent on virtual currency

Goldman Sachs is developing a virtual currency system that aims to revolutionise securities transactions, according to a US patent application filed by the Wall Street investment bank.

TECH

Blockchain technology could reduce role of banks, says BIS

Blockchain technology could reduce the role of intermediaries such as banks and settlement houses, the Bank for International Settlements - or "the central bankers' central bank" - said in a report.

Technology

Banks expected to adopt new technologies rather than be overrun

New technology firms are battering all kinds of companies, but banks will remain as financial intermediaries, due to the regulations and duties governments have put on them, says a proponent of the technology behind the Bitcoin cryptocurrency.

TECH

Microsoft launches cloud-based blockchain platform with Brooklyn start-up

Microsoft launched a cloud-based blockchain platform with Brooklyn-based start-up ConsensYs, which will allow financial institutions to experiment cheaply and easily with the technology underpinning bitcoin.

TECH

Biting back: bitcoin heads for best month in one and half years

Bitcoin has just recorded its best month since May 2014, stealing the spotlight away from the blockchain technology that underpins it and which has been attracting investment from almost every major bank in the world.

Business

Card payments boom across the world

LONDON: Payments made with debit and credit cards and other non-cash methods jumped 9% last year to 390 billion transactions, according to a study published on Tuesday.

Business

CIMB chooses 4 winners from InnoChallenge

KUALA LUMPUR: CIMB Bank Bhd , in its own effort and in collaboration with Multimedia Development Corporation (MDeC), has selected four winners from the pilot InnoChallenge, to further propel CIMB Bank in its course of revolutionising digital and mobile banking/financial solutions in the Asean region.

Technology

Bitcoin startups lure quant whizzes from Wall Street

Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London.

TECH

Betting on blockchain: firms seek fortune in bitcoin's plumbing

A year ago, bitcoin was widely dismissed as little more than a way for drug-dealers and terrorists to move money around anonymously. Now, some of the world's biggest banks and companies are buying into the technology behind it.